Investors Place $500 Million Bids Below Current Price Bitcoin is off to a strong start this week, suggesting the recent correction may be over. On-chain data, price history, and strategic transactions all point to a positive July for the cryptocurrency. Despite short-term volatility, many investors remain optimistic about Bitcoin’s long-term prospects. One notable trend is…
Trading Activity Takes a Nap Bitcoin, known for its 24/7 accessibility, has seen a dramatic decline in weekend trading volumes. According to Kaiko, these volumes have dropped from 28% in 2019 to a mere 16% in 2024. Institutional Influence This decline coincides with the launch of spot Bitcoin ETFs in the US, which can only…
Over the weekend, Bitcoin (BTC) soared above $63,000, marking a 5.6% jump from its Friday low of $60,000. This unexpected rally sparked speculation about the underlying causes. Here are three key factors that may have contributed: Mysterious Whale Activity A mysterious “whale” has been making significant purchases in the Binance futures market, according to DeFi^2,…
Shiba Inu’s team member, Lucie, has highlighted the core strengths that make SHIB a formidable player in the crypto world: Community and Ecosystem Shiba Inu’s vibrant community and diverse ecosystem provide a solid foundation for its growth. Strategic Partnerships Lucie emphasizes the team’s relentless pursuit of strategic partnerships to expand SHIB’s reach and enhance its…
Influx of Stakers Over the past month, Ethereum staking has witnessed a remarkable surge, with nearly 60,000 unique depositors joining the network. This growth aligns with the positive sentiment surrounding Ethereum as it approaches July. Impact of Spot Ethereum ETFs The surge in staking participation coincides with increased approval odds for Spot Ethereum ETFs by…
Cash-to-Crypto Convenience Bitcoin ATMs are on the rise, making cryptocurrency more accessible than ever. From just 10,000 in 2020, there are now over 38,000 ATMs worldwide. These machines allow users to buy crypto with cash, removing the need for bank accounts or online exchanges. This is especially beneficial for those who are unbanked or prefer…
Sony, the tech giant, has made a bold move into the crypto world by acquiring Amber Japan, a subsidiary of Amber Group. This acquisition is part of Sony’s plan to expand into the growing Web3 and digital asset market. Sony’s Crypto Journey Amber Japan, formerly known as DeCurret, was acquired by Amber Group in 2022…
The price of CRV, the cryptocurrency used on the CurveDAO lending platform, has plummeted to near record lows. This comes after a large sale of CRV by a major investor, or “whale,” on the Binance exchange. Whale Deposits Millions in CRV Blockchain analytics firm Lookonchain reports that a whale deposited over $6 million worth of…
A renowned crypto trader believes that a Solana-based memecoin, Dogwifhat (WIF), has reached its lowest point and is poised for growth. WIF Bottom Reached Analyst Bluntz, known for his accurate altcoin predictions, shared his analysis with his followers. He believes that WIF has experienced a significant correction, dropping 70% from its peak of $4.83. However,…
Truist Bank, one of the largest banks in the US, is facing a lawsuit over a data breach that exposed sensitive information of its customers. The Breach In October, hackers compromised Truist Bank’s security systems and obtained data from 65,000 account holders, including: Full names Account numbers Transaction history Balances Allegations of Negligence The lawsuit…
